#2 - Vale (NYSE:VALE)
Vale S.A. (NYSE: VALE) is another materials stock on this list of high-yield dividend stocks. The bullish argument for Vale is similar to that of Rio Tinto. Vale is highly focused on iron ore and copper, both of which will be essential to the renewable energy economy. The company touts its commitment to sustainable mining.
Like many mining stocks, VALE stock has been trading lower. It’s down 13.3% over the last 12 months, with the biggest losses occurring in 2024, as the stock is down 26% year-to-date. However, analysts appear to believe that the stock may be oversold. The Vale analysts' forecast on MarketBeat give the stock a consensus Moderate Buy rating with a price target of $16.86, which is a 44% upside.
The average five-year total return for VALE stock is 9.88%. The dividend yield is 10.13% and it pays out $1.18 per share on an annual basis.
About Vale
Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.
Read More - Current Price
- $10.80
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $16.17 (49.7% Upside)
